Fleet Count In Sight Of 200
After compiling the latest frac data, we count roughly 185 fleets now staffed / active (X fully utilized), up from X in early December and X at the bottom in May….
Rig-To-Fleet Ratio Headed To Normal
As shown in the graph below, the rig-to-fleet ratio is quickly normalizing around…
Private Operators Missed The Spending Memo
While Public operators appear to be sticking by their disciplined budget plans, Private E&Ps have been a key driver of the latest frac additions. In fact, we estimate that private E&Ps are on track to spend almost…
Permian Sand Volumes Closing In On Peak (production will follow)
Despite frac fleets still 40% below peak levels, the amount of sand each fleet can pump is…
Lium Launch Overview
Lium Energy Sector Launch Overview…
Launch V: Shale Production & Services
Lium Shale Coverage Launch…